langley DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 44% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 34% VS2020
▲ 35% VS2020
▼ 27% VS2020
▼ 40% VS2020
Therewere273detachedlistingsinLangleyinOctober, 7%belowSeptemberand27%lowerthanOctober2020. Octoberdetachedhomesalesincreasedby6% month-over-month,to119,andwere40%belowOctober 2020. Thesales-to-listingratiofordetachedinLangley,at44%, reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,500,000,a 6%increasefromSeptemberand35%aboveOctober 2020. Theaveragesoldpricewas$1,689,557,4%abovelast monthandup34%toOctober2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 53% 197 374
%Change
No. 38% 112 292
%Change
TOTALLISTINGS TOTALSALES
44% 119 273
34% 35% -17% -40% -27%
4% 6% 14% 6% -7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,621,636 $1,410,050
$1,689,557 $1,500,000
$1,260,082 $1,110,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
383
435
374
1.83
374
1.81
308
1.76
292
270
314
248
247
273
1.57
1.55
1.51
275
264
236
172
197
224
142
187
155
152
19
18
12
99
$1.50M
$1.41M
$1.41M
$1.39M
$1.40M
$1.34M $1.34M
$1.35M
$1.33M
$1.29M
$1.28M
$1.18M
$1.11M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100
100%+
100%+
93%
80
71%
60
40
38%
33%
27%
20
8%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
18 6 33%
1 0 n/a
2 6 300%
14 13 93%
24 32 133%
48 34 71%
41 11 27%
24 9 38%
101 8 8%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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